The Ministry of Industry, Commerce and Tourism has published the first list with the provisionally approved applications for the battery line of the second call of the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (Perte VEC), which has been awarded to Ford, with 37.6 million euros, and to Basquevolt, with 14.7 million euros.
As published by the Executive in its proposed provisional resolution, the proposed subsidy is 37.6 million euros for Ford to carry out the new plant for the assembly of batteries for 100% electric vehicles in Almussafes Valencia, while the budget financeable for this project is 188 million euros.
The plant is projected since March 2021, when the multinational announced that Almussafes would manufacture hybrid engines for all of Europe and that the new 2.5-liter Duratec hybrid engine would be manufactured at its engine plant from the end of 2022. The deadlines Yes, they said that it would be at the end of 2022 when the Valencia engine plant would begin manufacturing.
After this publication, applicants have 10 business days to formulate the allegations they deem pertinent, while in cases in which any circumstance has changed in the conditions of mandatory compliance to acquire the status of beneficiary, with respect to those accredited in the At the time of the request, a period of 10 days will be granted for applicants to update the information provided.
The Perte VEC II battery line, open from July 17 to September 15, is endowed with funds of 837 million euros, of which 550 million are in the form of a subsidy and 287 million in the form of a loan . After the first provisional award, the remaining funds add up to 784.7 million, of which 497.7 million are in the form of a grant, while money has not yet been allocated in the form of loans of the 287 million established.
In addition to Ford, the Ministry of Industry has proposed a grant of 14.69 million euros for Basquevolt for its new 1 gigawatt hour (Gwh) solid-state battery cell manufacturing plant that the company will install in Vitoria-Gasteiz. The financeable budget of this initiative is 97.96 million euros.
